The construction equipment rental service raised $15m in an Itochu-led round that will finance strategic merger and acquisition deals.

58.com and its 58 Aifang subsidiary invested $70.5m and will help the online real estate marketplace expand its services and grow throughout southwestern China.

The online education provider pushed its total funding past $1.5bn in a round co-led by Tencent that valued it at $7.8bn.

SiE Consulting was among the existing backers that joined Sequoia China for a $14.1m round that doubled the IT procurement startup's total funding.

YJ Capital returned to reinvest in a $13.9m round for the laundry app developer alongside Globis Capital Partners and Raksul.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The Tokyu-backed scheme has hosted the fifth batch’s demo day with Subsclife, Barus, Luup, Fun Up, Self Link and Sora (MagicPrice) receiving awards.

Salesforce Ventures is set to exit the MuleSoft consultancy in an acqusition by Capgemini less than six months after it invested.

MassMutual Ventures backed LinkSquares in a round which brought the language analysis software developer’s total funding to more than $21m.

The Ping An subsidiary is providing strategic assistance to portfolio companies during the Covid-19 pandemic, though managing director Lacey cautioned that startups with high burn rates are facing high risk.